*Sector Update*

Tech Stocks seen Buying move and trading at day’s high.

*Top Picks*

LTI CMP 7290.0 Support 7220.0 TGT 7400.0
COFORGE CMP 5680.0 Support 5628.0 TGT 5800.0
RAMCO SYSTEM CMP 478.0 Support 472.0 TGT 492.0
HCL CMP 1291.0 Support 1280.0 TGT 1325.0
PERSISTENT CMP 4710.0 Support 4640.0 TGT 4790.0

Nifty 17200 CALL OPTION 06th January book partial at 183.0, can hold position for TGT 230.0 (09.53)

Nifty Bank 35000.0 CALL OPTION 06th January book partial at 501.0 levels, can hold position for TGT 620.0

*GRANULES:* CO RECEIVES ANDA APPROVAL FOR AMPHETAMINE MIXED SALTS (IR TABLETS) (SUPPORTIVE FOR STOCK PRICES)

#BusinessNews - Kalpataru Power gained 6% on orders worth Rs 1,560 crore.

Read: https://ipoinfo.co.in/kalpataru-power-gained-6-on-orders-worth-rs-1560-crore/

HCL TECH: CO SAYS UNIT BUYS 19.6% STAKE IN HCL TECHNOLOGIES SEP HOLDINGS INC FOR 750 CRS

*VOLTAS:* SHANGHAI HIGHLY GROUP SAYS IT PLANS TO BOOST HONG KONG UNIT'S CAPITAL TO SET UP JV WITH VOLTAS IN INDIA FOR MAKING COMPRESSORS FOR AIR CONDITIONERS: REUTERS (Supportive for stock prices)

*Q3FY22 Result Calendar Announced so far*
January 2022
7th- GM Brew
12th-Infosys
12th-Wipro
14th-HCL Tech
15th- HDFC Bank
18th- Bajaj Fin
18th- ICICI Pru
19th- Bajaj Auto
20th-MPhasis
22nd- ICICI Bank
24th– Axis Bank
28th- Dr.Reddy

*Tradable Stocks in News*


*Reliance* New Energy Solar to acquire Faradion for GBP 100 mn (Positive 2350.0 Support 2328.0 TGT 2388.0)

*Grasim:* Promoter bought 2.28 lakh shares (Positive 1588.0 Support 1564.0 TGT 1640.0)

*AB Cap:* Promoters bought 2.5 lakh shres (Positive 120.0 Support 117.8 TGT 127.0)

Antique on *Century Tex:* Initiate Buy on company, target price at Rs 1175/Sh (Positive 873.0 Support 860.0 TGT 898.0)

MS on *Bajaj Auto:* Maintains Overweight on company, target price at Rs 4742/Sh (Positive 3190.0 Support 3169.0 TGT 3260.0)

*Sterling And Wilson:* To allot 2.93 cr shares to Reliance New Energy. Post Allotment, RNESL holds 15.46% of equity of the Company (Positive 379.0 Support 375.0 TGT 393.0)

*JSPL:* CCI Approves 96.42% Jindal Power Stake Acquisition by Worldone. (Positive 368.0 Support 364.0 TGT 380.0)

*PB Fintech:* Board approves Further investment upto Rs 700 cr in one or more tranches in Policybazaar Insurance Brokers. (Positive 925.0 Support 914.0 TGT 950.0)

*IDFC Group:* The board of IDFC First Bank plans to merge IDFC Ltd, IDFC Financial with the company. (Positive *IDFC First* 46.8 Support 45.5 TGT 50.0, *IDFC* 54.0 Support 53.0 TGT 59.0)

*Sector Update*

Private Banks Stocks seen Buying move and trading at day’s high.

*Top Picks*

HDFCBK CMP 1472.0 Support 1498.0 TGT 1459.0
ICICIBK CMP 742.0 Support 737.0 TGT 765.0
AXIS CMP 478.0 Support 472.0 TGT 492.0
KOTAK CMP 1784.0 Support 1760.0 TGT 1810.0

*Sector Update*

PSU Banks seen Buying move and trading at day’s high.

*Top Picks*

SBIN CMP 457.0 Support 453.0 TGT 465.0
BOB CMP 81.0 Support 80.0 TGT 83.0
INDIAN BK CMP 139.0 Support 136.0 TGT 144.0
CANBANK CMP 197.0 Support 194.0 TGT 202.0
UNIONBK CMP 43.0 Support 42.5 TGT 45.0

NIFTY BUYING ZONE SUPPORT 16850 AND SELLING ZONE 17480. AND BANKNIFTY BUYING ZONE 34700 AND SELLING ZONE 36010

TECH MAHINDRA:* CO APPROVED PROPOSAL FOR ACQUISITION OF 100% STAKE IN ALLYIS INDIA PRIVATE LIMITED AND GREEN INVESTMENTS LLC. FOR 930 CRS (SUPPORTIVE FOR STOCK PRICES)

*Sector Update*

Pharma stocks seen Buying move and trading at day’s high.

*Top Picks*

SUN CMP 844.5 Support 835.0 TGT 866.0
LUPIN CMP 942.0 Support 928.0 TGT 966.0
AURO CMP 730.0 Support 720.0 TGT 758.0
BIOCON CMP 363.8 Support 358.0 TGT 373.0
GLENMARK CMP 527.0 Support 520.0 TGT 540.0

December Auto Sales Estimates YoY:

Ashok Leyland: 11700 units versus 12762 units ( Down 8.0% )

Tata Motors: 65500 units versus 56414 units ( Up 16.0% )

M&M Tractor: 20500 units versus 22400 units ( Down 8.0% )

M&M Auto: 40102 units versus 35200 units ( Up 16.0% )

Maruti: 149000 units versus 160226 units ( Down 7.0% )

Hero Motocorp: 382000 units versus 447000 units ( Down 15.0% )

TVS Motors: 275000 units versus 272084 units ( Up 1.1% )

Bajaj Auto: 363000 units versus 372500 units ( Down 3.0% )

Eicher Motors RE: 65500 units versus 68995 units ( Down 5.0% )

Escorts: 6610 units versus 7700 units ( Down 14.0% )

News Update: GST Council unanimously decides to defer hike in GST on textiles from 5% to 12%. (Supportive for *Textile stocks*)

INDIA FINANCE MINISTER NIRMALA SITHARAMAN TO BRIEF ON OUTCOME OF 46TH GST COUNCIL MEETING AT 3:00 PM

*CADILA HEALTHCARE:* CO RECEIVES TENTATIVE APPROVAL FROM USFDA FOR PIMAVANSERIN CAPSULES (SUPPORTIVE FOR STOCK PRICES)

Stocks in News*


*JTL Infra:* The Company registered highest sales volume ever of 34,612 Metric Tonnes in Q3 FY22. The volume increased by 77.39% YoY (Positive)

*Stove Craft:* Business Transfer Agreement between the Company and SKAVA Electric Pvt Ltd (Positive)

*Likhita Infra:* Company has received orders worth Rs. 250 Crores (approx.) excluding GST from various City Gas Distribution Companies. (Positive)

*Eicher Motors:* VECV (Volvo eicher commercial vehicles) sales rise 50.6% in December. Eicher RE: Total sales at 73739 units in Dec 2021 (up 7%). Estimates 65500 units (Positive)

*NBCC:* Company has received work orders of Rs 392.0 crore (Positive)

*SML Isuzu:* Total sales at 4706 units in Dec 2021 (up 68%). 2796 units Dec 2020 (Positive)

*VST Tillers:* Power tillers sales at 3089 units in Dec 2021 (up 38%). 2230 units Dec 2020. (Positive)

*Bhageria Ind:* Company has successfully Commissioned 9.50 MW Solar Power Projects at Village-Kombhalne (Positive)

*Adani Ent:* Company has incorporated a WOS to undertake business of developing and operating projects for the synthesis of low carbon fuels and chemicals. (Positive)

*Rama Steel:* Foreign investor Saint Capital Fund acquired 1 lakh equity shares in the company at Rs 327.71 per share on the BSE (Positive)

*United Spirits:* Long-term rating upgraded to 'CRISIL AAA/Stable'; short-term rating reaffirmed (Positive)

*Avenue Supermarts Q3:* Standalone revenue from operations at Rs 9,065.02 cr vs Rs 7,432.69 cr YoY (Positive)

*Sunflag Iron:* Long-term rating upgraded to 'CARE A+/Stable (Positive)

*KNR Constructions:* Company has transferred its 49% stake in subsidiary company ie KNR Tirumala Infra Private Limited ("SPV") to Cube Highways (Positive)

*PNB:* Board has approved Divestment of entire stake in India SME Asset Reconstruction Company Ltd. (Positive)

*GMR Infrastructure:* NCLT clear merger of GMR Power Infra, GMR Infra; clear demerger of non-airport business of GIL (Positive)

*HDFC Life Insurance* Gets regulatory approval for Exide deal (Positive)

*Aurobindo Pharma:* Approves transfer of vaccines business to unit (Positive)

*H.G. Infra:* Company has received the provisional completion certificate for the project (Positive)

*Khaitan Chemicals:* India Ratings & Research has upgrade the ratings from BBB+ to A- of the bank facilities of the company (Positive)

*Indian Oil:* Sri Lanka To Give Oil Tank Leases to India in Exchange for Aid (Positive)

*Cola India:* December production jumped by 3.3 percent (Positive)

*Shriram Transport:* Shriram Transport Finance to Upsize MTN Program to $3.5B (Positive)

*NTPC:* Company incorporated first part capacity of 49.92 MW out of 296 MW Fatehgarh Solar PV Project at Jaisalmer (Positive)

*Tata Motors:* Total domestic sales at 66,307 units in Dec 2021 Vs 53,430 units YoY (up 24%). Estimates 66000 units. (Neutral)

*Hero MotoCorp:* Dec. sales 394,773 units vs 447,335 Y/Y Est 383000 (Neutral)

*Maruti:* Total domestic sales at 153000 units in Dec 2021, Estimates 152000 units. (Neutral)

*Atul Auto:* Total sales at 11499 units in Dec 2021 (up 1.8%). 11302 units in Dec 2020. (Neutral)

*Cyient:* To hive off the Software Design Radio (SDR) division of the Company to Innovation Communications Systems Limited (Neutral)

*NMDC:* Iron ore sales fell nearly 4% on year to 3.40 mln tn in December, and production was up 2.3% on year at 3.95 mln tn (Neutral)

*Reliance* to Raise Up to $5 Billion in Offshore Bond Offering (Neutral)

*Escorts:* Company sold 4,695 tractors Vs 7,733 tractors YoY Vs poll 6610. (Negative)

*M&M Auto:* Total sales at 39157 units in Dec 2021 (up 11%). Estimates 40102 units. (Negative)

*TVS Motor:* Dec. sales 250,933 units vs 272,084 Y/y, Estimates 275000 units. (Negative)

*RBLBank Q3:* Total deposits decline 2.58% QoQ to Rs 73,637 cr as on Dec 31, 2021. (Negative)

*Future Retail:* Misses $403 Million Debt Payment, ET Says (Negative)

NIFTY BUYING ZONE SUPPORT 17150 AND SELLING ZONE 17680. AND BANKNIFTY BUYING ZONE 35300 AND SELLING ZONE 36010